About IoTeX
IoTeX is a company based in Menlo Park (United States) founded in 2017 by Qevan Guo and Raullen Chai.. IoTeX has raised $50 million across 3 funding rounds from investors including Amber Group, Animoca Brands and Borderless. IoTeX operates in a competitive market with competitors including Synthetix, Dash, Finastra, Bottomline Technologies and Biconomy, among others.
- Headquarter Menlo Park, United States
- Founders Qevan Guo, Raullen Chai
-
Sectors
TechnologyFinancial Services
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Total Equity Funding
$50 M (USD)
in 3 rounds
-
Latest Funding Round
-
Investors
Amber Group
& 8 more
-
Employee Count
Employee Count
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Unlock access to complete
Unlock access to complete
Funding Insights of IoTeX
IoTeX has successfully raised a total of $50M across 3 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Last Round
- First Round First Round
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2025 | Amount | Series A - IoTeX | Valuation |
investors |
|
| Apr, 2024 | Amount | Series A - IoTeX | Valuation | Borderless Capital , Amber Group | |
| Sep, 2019 | Amount | Seed - IoTeX | Valuation | HashKey Capital |
|
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in IoTeX
IoTeX has secured backing from 9 investors, including venture fund and institutional investors. Prominent investors backing the company include Amber Group, Animoca Brands and Borderless. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Venture capital funding and acceleration are provided to sector-agnostic startups.
|
Founded Year | Domain | Location | |
|
Blockchain sector focus is maintained by venture capital-backed accelerator.
|
Founded Year | Domain | Location | |
|
Crypto startups are funded by SNZ venture capital operations.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by IoTeX
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - IoTeX
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Iotex Comparisons
Competitors of IoTeX
IoTeX operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Synthetix, Dash, Finastra, Bottomline Technologies and Biconomy, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Derivatives liquidity protocol
|
|
| domain | founded_year | HQ Location |
Dash is recognized as a digital cash cryptocurrency solution.
|
|
| domain | founded_year | HQ Location |
Financial software solutions for lending, payments, and banking are provided.
|
|
| domain | founded_year | HQ Location |
Cloud-based treasury management and fraud prevention solutions are provided.
|
|
| domain | founded_year | HQ Location |
Blockchain infrastructure for Web3 experiences is provided.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Iotex
Frequently Asked Questions about IoTeX
When was IoTeX founded?
IoTeX was founded in 2017 and raised its 1st funding round 2 years after it was founded.
Where is IoTeX located?
IoTeX is headquartered in Menlo Park, United States. It is registered at Menlo Park, California, United States.
Is IoTeX a funded company?
IoTeX is a funded company, having raised a total of $50M across 3 funding rounds to date.
What does IoTeX do?
IoTeX was founded in 2017 in Menlo Park, United States, as a blockchain platform focused on Internet of Things connectivity. A decentralized network is operated on a privacy-oriented blockchain, utilizing RDPoS consensus to accommodate numerous nodes. Privacy is ensured through stealth addresses and ring signatures, while cross-chain transfers of value and data are supported. Governance occurs via a decentralized autonomous organization, enabling community-driven rules for IoT device networks.
Who are IoTeX's investors?
IoTeX has 9 investors. Key investors include Amber Group, Animoca Brands, Borderless, Foresight Ventures, and FutureMoney Group.
Book a demo & talk to our team
Share a few details and we’ll reach out to schedule a session.